Examples of Xxxxxxxx Islands in a sentence
This notification is not required if you attempt to pay tax or court-related payments or payments outside the United States and its possessions/territories (American Samoa, Guam, Xxxxxxxx Islands, Micronesia, N.
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Except as expressly provided to the contrary in this Agreement, the rights, duties (including fiduciary duties), liabilities and obligations of the Partners and the administration, dissolution and termination of the Partnership shall be governed by the Xxxxxxxx Islands Act.
No Limited Partner, in its capacity as such, shall participate in the operation, management or control (within the meaning of the Xxxxxxxx Islands Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership.
Limited Partners shall not vote on matters that would cause the Limited Partners to be deemed to be taking part in the management and control of the business and affairs of the Partnership so as to jeopardize the Limited Partners’ limited liability under the Xxxxxxxx Islands Act or the law of any other jurisdiction in which the Partnership is qualified to do business.
Upon the completion of the distribution of Partnership cash and property as provided in Section 12.4 in connection with the liquidation of the Partnership, the Certificate of Limited Partnership and all qualifications of the Partnership as a foreign limited partnership in jurisdictions other than the Xxxxxxxx Islands shall be canceled and such other actions as may be necessary to terminate the Partnership shall be taken.
The Limited Partners shall have no liability under this Agreement except as expressly provided in this Agreement or the Xxxxxxxx Islands Act.
The term of the Partnership commenced upon the filing of the Certificate of Limited Partnership in accordance with the Xxxxxxxx Islands Act and shall continue in existence until the dissolution of the Partnership in accordance with the provisions of Article XII.
The existence of the Partnership as a separate legal entity shall continue until the cancellation of the Certificate of Limited Partnership as provided in the Xxxxxxxx Islands Act.
Pursuant to Section 20(2) of the Xxxxxxxx Islands Act, an agreement of merger or consolidation approved in accordance with Section 20(2) of the Xxxxxxxx Islands Act may (a) effect any amendment to this Agreement or (b) effect the adoption of a new partnership agreement for a limited partnership if it is the Surviving Business Entity.